Panama recorded its lowest monthly marine fuel sales in almost a year last month, with a total of 385,100 metric tonnes. This figure represents the lowest volume since September of the previous year. The decline was largely attributed to a decrease in sales of very low sulphur fuel oil (VLSFO), which constitutes approximately two-thirds of Panama's total marine fuel market. VLSFO sales fell to 247,652 metric tonnes from 267,076 metric tonnes in June 2025, marking a nine-month low. Additionally, high sulphur fuel oil (HSFO) sales dropped below 100,000 metric tonnes for the first time since November, reaching 95,379 metric tonnes.
For freight forwarders and operations managers, this reduction in bunker sales in Panama could signal several things. It might indicate a decrease in vessel calls or transits through the Panama Canal, potentially due to shifts in global trade routes, canal restrictions, or economic slowdowns affecting shipping volumes. Lower demand for bunker fuels could also impact local pricing dynamics, though the direct effect on freight rates for shippers is likely indirect and tied to broader market conditions rather than this specific local trend. Forwarders should monitor Panama Canal traffic and regional shipping activity for further insights into potential capacity or schedule changes.
